Construction & Real Estate

Featured Story:

The big threat to the market is that lower oil revenues in the Gulf could slash the amount of money available to buy Dubai property
December 21, 2014 - 17:47 GMT
The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report.

November 19, 2014

Masood al Awar, CEO, TASWEEK Real Estate Marketing and Development
12:17 GMT
(press release)

TASWEEK Real Estate Marketing and Development has signed a Memorandum of Understanding with American Hospital Management Company to jointly pursue business opportunities in the MENA region.

November 18, 2014

AKOYA Oxygen
07:54 GMT
(press release)

Leading luxury real estate developer, DAMAC Properties will release more villas at its AKOYA Oxygen master development during the International Real Estate & Investment Show (IREIS) in Abu Dhabi later this week.

November 17, 2014

The project includes a new port, a new base for the Qatar Emiri Naval Forces and the Qatar Economic Zone 3.
22:19 GMT

One of the largest infrastructure projects,the New Port project will be built on a sprawling 26 km area at an estimated cost of $7.41 billion.

November 16, 2014

RAK Properties clean-up initiative
10:54 GMT
(press release)

RAK Properties successfully organized a beach clean-up campaign yesterday November 15, 2014 along the shorelines of the Mina Al Arab area.

Drake & Skull made profits of $4.38 million in Q3, according to a Reuters poll. (AFP/File)
08:45 GMT

Leading construction and integrated design firm Drake & Skull profits dropped by 10 percent in the third quarter of 2014.

November 12, 2014

GEMS School Opens at The Villa Community
09:39 GMT
(press release)

Real estate developer, Dubai Properties (DP), has tied up once again with GEMS Education for the recent opening of the new GEMS FirstPoint School in its residential community The Villa, in DUBAILAND.

Kuwait's real estate growth was supported by a strong performance in the investment sector. (AFP/File)
09:07 GMT

Real estate growth in Kuwait grew by 16 percent year-on-year to $1.27 billion in September after a slow summer, according to a report.

November 11, 2014

The building has featured in a number of films including boy wizard adventure “Harry Potter and the Half-Blood Prince.”The new purchase price was not disclosed Monday, though the Financial Times reported it had been sold for 726 million pounds, citing sources.
18:21 GMT

The new purchase price was not disclosed Monday, though the Financial Times reported it had been sold for 726 million pounds, citing sources.

November 10, 2014

Dubai Creek Harbour
10:13 GMT
(press release)

Following the overwhelming investor response to the launch of the first residential tower in Dubai Creek Harbour at The Lagoons, a joint venture development by Emaar Properties and Dubai Holding, two additional luxury towers with over 240 residences are being launched at a sales event.

DAMAC Towers by Paramount Looks out Across the Burj Area in Dubai
06:53 GMT
(press release)

The iconic US$1 billion DAMAC Towers by Paramount resort in the Burj Area of Dubai has already passed the 16th floor of construction on each of its four towers, according to developer, DAMAC Properties.

November 4, 2014

Non-Jordanian investors registered 4,263 buying transactions, 2,899 for apartments and 1,364 for lands.
13:57 GMT

Apartment transactions value reached JD256.4 million constituting 64 per cent of the total transactions.

Masood Al Awar, CEO, TASWEEK Real Estate Marketing and Development
09:05 GMT
(press release)

TASWEEK has announced that the 160-bed private hospital forming part of the Marrakesh Healthcare City development in Morocco’s third largest city will be completed by Q4 of this year and commence operations by the first half of 2015.

DPG Celebrates UAE Flag Day at Business Bay Offices
08:53 GMT
(press release)

Dubai Properties Group (DPG), master developer of world class destinations in Dubai including Business Bay, DUBAILAND, JBR and Culture Village, celebrated the UAE’s Flag Day at its Business Bay Office yesterday.

November 3, 2014

RAK Properties
12:17 GMT
(press release)

RAK Properties joined the whole nation in celebration of UAE Flag Day today with a flag raising ceremony at Julphar Towers, located right in the heart of the city.

November 2, 2014

Rental rates across Sharjah grew two per cent quarter-on-quarter during Q3 2014.
13:45 GMT

Real estate market values in Sharjah and the other northern emirates are largely dictated by what is happening in neighbouring Dubai.